Legal and Medical Cannabis Sales Projected to Grow as More States Adopt

According to a report by New Frontier Data, medical cannabis sales in 2017 are forecast to grow toÂ $5.3 billion, which is 67% of total cannabis sales. The report projects that by 2025, medical sales in current legal states are forecast to grow toÂ $13.2 billion, which will account for 55% of total cannabis sales. Adult use sales in 2017 are forecast to reachÂ $2.6 billion, or rising toÂ $10.9 billionÂ by 2025.Â New Frontier also indicates that legal cannabis sales in California alone are projected to reach $2.8 billion in 2017 and $6.6 billion by 2025, with a compound annual growth rate of 12% over the next eight years. Medical cannabis products are now legal in 29 states and Washington DC. Global Payout, Inc.Â (OTC: GOHE), Medical Marijuana, Inc.Â (OTC: MJNA), Terra Tech Corp.Â (OTC: TRTC), OWC Pharmaceutical Research Corp. (OTC: OWCP), CV Sciences, Inc. (OTC